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IRINA_888 [86]
3 years ago
14

How does OPEC affect the price of oil? OPEC

History
1 answer:
evablogger [386]3 years ago
5 0

A) regulates the oil production and supply on the world's market



In the short term, the Organization of Petroleum-Exporting Countries (OPEC) has significant influence on the price of oil. ... For example, if OPEC countries are unsatisfied with the price of oil, it is in their interests to cut the supply of oil so prices rise.

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